There are several ways to send money overseas from traditional services such as Western Union to more modern approaches such as PayPal. However, there is usually a fee associated with Western Union while the problem with PayPal is that it takes a few days to be transferred to their bank account. So, is there a faster and cheaper alternative?
Thank you to CIBC’s No Fee GMT (Global Money Transfer), you can save your family money (no fee on either end) and save time as well (fast and free turnaround). Here is an article about 12 ways you can send money online. As you can see from reading the points, almost all of them have an associated fee and turn-around time. The feature that really stands out with CIBC is the no fees and easy accessibility. Plus, CIBC has a strong and solid banking reputation unlike some other fly-by-night companies.
We have been CIBC customers for a few years now so we are looking forward to sending money to Anne’s family in the Philippines this holiday seasons. We would love to hear about how you send money overseas.
Once again, to find out more details and try out CIBC No Fee GMT for yourself, check out: